There were more than 30 applications of startups in this competition and 10 of them were chosen to present their business plan. For every idea it was given 5 minutes to the author present his project and to convince the "business angels" should choose his project.

Ideas mainly related to ICT, software development, Internet and mobile technologies. Everything is important in this competition: starting from self-confidence of author to business model and forecast of incomes.

The best five teams will get the necessary consultation and will compete in the final.

"We want to assess not just the business plans for startups, but the flight of thought, innovation, because it is of such a format event on the first attempt," said the "Global Credit" Board member Mr. Karapetyan.

"The winner will receive funding of up to 10 million. The idea of a start-up is held for the first time in the financing plan. The idea of financing is very risky and at the same time, very exciting, "said Director of "Nikita Mobile "Ara Yaghjyan.